In 2008, the Florida Legislature amended Section 718.111(11), which regulates
Individual Unit Owners Must Obtain Insurance/Power to Enforce: [Addressed in
subsections (g), (g)(2)&(4) of the new law]
(g) Commencing January 1, 2009, all owners must have their own insurance policies
to cover those items not covered by the association’s policy, including those
items addressed immediately above. These policies must provide special
assessment coverage of no less than $2,000.00 per occurrence and must
provide that no rights of subrogation will exist against the condominium
association. There is some question as to whether the special assessment
coverage is actually available at this time.
(g)(4) According to the last sentence of subsection (g)(4), the Association must be
listed as an additional named insured and a loss payee under each of those
policies. There is some question as to whether this requirement can be met
based on existing policy requirements.
(g)(2) In order to make sure that these policies are in effect, subsection (g)(2) provides
that the Association shall require each owner to provide evidence of a currently
effective policy, but the Association may not do so more than once per year. If
the owner does not provide evidence of such insurance within thirty (30) days
after the Association’s annual request, the Association can purchase insurance
on behalf of the Owner and charge the cost of the policy against the Owner as
Thank you so much for allowing me to help you with your questions. I have done my best to provide information which will be helpful to you. If I have not fully addressed your questions or if you have any follow up questions, or if I have misinterpreted your questions in any way, please do not rate me yet, but simply ask a follow up question without rating so I can provide you with a fully satisfactory answer. If I have fully answered your question(s) to your satisfaction, I would appreciate you rating my service with 3, 4, or 5 faces/stars so I can receive credit for helping you today. I thank you in advance for taking the time to provide me a positive rating!